Landscape Capital Management L.L.C. Buys 7,897 Shares of Onto Innovation Inc. (NYSE:ONTO)

Landscape Capital Management L.L.C. increased its stake in shares of Onto Innovation Inc. (NYSE:ONTO) by 413.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,807 shares of the semiconductor company’s stock after buying an additional 7,897 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Onto Innovation were worth $1,635,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Hilltop Holdings Inc. acquired a new stake in shares of Onto Innovation in the 3rd quarter valued at $253,000. HighTower Advisors LLC boosted its position in Onto Innovation by 72.0% in the third quarter. HighTower Advisors LLC now owns 10,184 shares of the semiconductor company’s stock valued at $2,095,000 after buying an additional 4,263 shares in the last quarter. Quantinno Capital Management LP increased its holdings in shares of Onto Innovation by 55.8% during the third quarter. Quantinno Capital Management LP now owns 2,766 shares of the semiconductor company’s stock worth $574,000 after buying an additional 991 shares in the last quarter. State Street Corp raised its stake in shares of Onto Innovation by 2.8% in the third quarter. State Street Corp now owns 1,469,969 shares of the semiconductor company’s stock valued at $305,107,000 after acquiring an additional 39,367 shares during the last quarter. Finally, National Bank of Canada FI acquired a new position in shares of Onto Innovation in the 3rd quarter worth approximately $2,553,000. Institutional investors and hedge funds own 98.35% of the company’s stock.

Insider Activity at Onto Innovation

In related news, SVP Srinivas Vedula sold 827 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $205.00, for a total transaction of $169,535.00. Following the completion of the transaction, the senior vice president now directly owns 15,223 shares in the company, valued at approximately $3,120,715. This trade represents a 5.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael P. Plisinski sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $200.19, for a total transaction of $4,003,800.00. Following the transaction, the chief executive officer now directly owns 215,492 shares of the company’s stock, valued at $43,139,343.48. This represents a 8.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 85,827 shares of company stock worth $18,182,185 in the last ninety days. Company insiders own 0.72% of the company’s stock.

Onto Innovation Stock Performance

Shares of ONTO stock opened at $104.63 on Friday. The firm’s 50 day moving average price is $154.44 and its two-hundred day moving average price is $176.24. Onto Innovation Inc. has a 52-week low of $98.21 and a 52-week high of $238.93. The stock has a market cap of $5.16 billion, a PE ratio of 25.77, a PEG ratio of 0.89 and a beta of 1.29.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.10. Onto Innovation had a return on equity of 14.24% and a net margin of 20.43%. As a group, sell-side analysts predict that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ONTO has been the subject of a number of recent analyst reports. StockNews.com raised Onto Innovation from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $230.00 price target on shares of Onto Innovation in a report on Friday, February 7th. Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 price objective on shares of Onto Innovation in a report on Friday, February 7th. Benchmark reaffirmed a “buy” rating and issued a $230.00 target price on shares of Onto Innovation in a research note on Friday, February 7th. Finally, Stifel Nicolaus set a $200.00 price target on shares of Onto Innovation and gave the company a “buy” rating in a research note on Friday, March 28th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Onto Innovation currently has an average rating of “Moderate Buy” and a consensus target price of $231.88.

Onto Innovation Profile

Onto Innovation Inc engages in the design, development, manufacture, and support of process control tools that performs optical metrology. The company offers lithography systems and process control analytical software. It also offers process and yield management solutions, and device packaging and test facilities through standalone systems for optical metrology, macro-defect inspection, packaging lithography, and transparent and opaque thin film measurements.